Another reason for profit colleges are a bad idea

[BidenPresident]

Sudden Closure of Art Institutes Leaves 1,700 Students Adrift
The for-profit network of colleges is closing its final eight campuses several years after it shuttered most of them.

The system had suffered from low enrollment since the coronavirus pandemic began. Previous challenges included a $95 million settlement after fraud allegations in 2015 and a loss of accreditation that led to the shuttering of nearly 20 other locations in 2018.

https://www.nytimes.com/2023/09/25/arts/design/art-institutes-closures.html

 

[Hawkeye10]

For profit schools did not do any better are resisting being ruined by the WOKE Suicide Cult than the state schools did.

 

[BidenPresident]

For profit schools did not do any better are resisting being ruined by the WOKE Suicide Cult than the state schools did.

You are insane. Go back to rehab.

 

[Cypress]

Sudden Closure of Art Institutes Leaves 1,700 Students Adrift
The for-profit network of colleges is closing its final eight campuses several years after it shuttered most of them.

The system had suffered from low enrollment since the coronavirus pandemic began. Previous challenges included a $95 million settlement after fraud allegations in 2015 and a loss of accreditation that led to the shuttering of nearly 20 other locations in 2018.

https://www.nytimes.com/2023/09/25/arts/design/art-institutes-closures.html

I would never enroll in some fly by night private art school.

America's public universities have plenty of art departments.

 

[BidenPresident]

I would never enroll in some fly by night private art school.

America's public universities have plenty of art departments.

I think all for profit colleges are a scam.

 

[Cypress]

I think all for profit colleges are a scam.

Best bang for your buck is a top tier public university, unless you need the prestige, connections, and social network a Harvard education can bring.

 

[Guno צְבִי]

The Rapid Closure of Art Institutes Across America
Dream Center, a Christian nonprofit with no experience in higher education, has imploded, taking thousands of students — and millions in student loans — down with them.

When the Education Department started to deregulate the for-profit college industry in 2017, Dream Center Education Holdings — a Christian nonprofit with no experience in higher education — began acquiring schools. Two years later, the charity affiliated with a Pentecostal megachurch in Los Angeles has shuttered dozens of colleges and art institutes around the country with little warning.

The franchises owned by Dream Center include Argosy University, South University, and the Art Institutes. The affected schools have about 26,000 students. 40 campuses are under the control of a court-appointed receiver who accused school officials of keeping their doors open with money earmarked for federal student loans — about $13 million owed to students at 22 campuses. Fourteen other sites, mostly Art Institute locations, have a new owner who arranged the transfer through private equity executives.

https://hyperallergic.com/489810/the-rapid-closure-of-art-institutes-across-america/

 

[BidenPresident]

The Rapid Closure of Art Institutes Across America
Dream Center, a Christian nonprofit with no experience in higher education, has imploded, taking thousands of students — and millions in student loans — down with them.

When the Education Department started to deregulate the for-profit college industry in 2017, Dream Center Education Holdings — a Christian nonprofit with no experience in higher education — began acquiring schools. Two years later, the charity affiliated with a Pentecostal megachurch in Los Angeles has shuttered dozens of colleges and art institutes around the country with little warning.

The franchises owned by Dream Center include Argosy University, South University, and the Art Institutes. The affected schools have about 26,000 students. 40 campuses are under the control of a court-appointed receiver who accused school officials of keeping their doors open with money earmarked for federal student loans — about $13 million owed to students at 22 campuses. Fourteen other sites, mostly Art Institute locations, have a new owner who arranged the transfer through private equity executives.

https://hyperallergic.com/489810/the-rapid-closure-of-art-institutes-across-america/

Yes, shady history. They lied to their students about being accredited.

 

[Guno צְבִי]

Yes, shady history. They lied to their students about being accredited.

Hsu isn’t the only one who’s been shocked by the rapid pace of Dream Center’s demise. The New York Times reports that at least one psychology doctorate student was still owed $10,000 in backpay from an Argosy school in Chicago. Unable to pay her rent for the last three months, she and her 6-year-old daughter received an eviction notice.

“I didn’t want to go home and tell my baby that Mommy may not be a doctor,” Ms. Jackson told the publication. “Now I don’t want to go home and tell her that we don’t have a home.”

 

[Yakuda]

Sudden Closure of Art Institutes Leaves 1,700 Students Adrift
The for-profit network of colleges is closing its final eight campuses several years after it shuttered most of them.

The system had suffered from low enrollment since the coronavirus pandemic began. Previous challenges included a $95 million settlement after fraud allegations in 2015 and a loss of accreditation that led to the shuttering of nearly 20 other locations in 2018.

https://www.nytimes.com/2023/09/25/arts/design/art-institutes-closures.html

Harvard is non profit? LMFAO

 

[Guno צְבִי]

Harvard is non profit? LMFAO

^^^^^^^^^

Never attended college

 

[BidenPresident]

^^^^^^^^^

Never attended college

And never had a brain.

 

[Walt]

Harvard is non profit? LMFAO

Yes, Harvard is definitely non-profit. Are you sure you know what non-profit is?

 

[Yakuda]

^^^^^^^^^

Never attended college

But YOU can't answer the question?

 

[Yakuda]

Yes, Harvard is definitely non-profit. Are you sure you know what non-profit is?

Well I know what profit is and I know it when I see it. I've seen plenty of rich non profits and leftist indoctrination centers some of the richest. The really sad part is a lot of the "for profit" schools that have gone under were actually teaching useful skills unlike Harvard

 

[Walt]

I've seen plenty of rich non profits

You are clearly confusing the employees of Harvard with Harvard. Even the employees are not as rich as you think.

The really sad part is a lot of the "for profit" schools that have gone under were actually teaching useful skills unlike Harvard

The market has spoken, and you are wrong.

 

[Yakuda]

You are clearly confusing the employees of Harvard with Harvard. Even the employees are not as rich as you think.



The market has spoken, and you are wrong.

No one is forced to work at Harvard so I dont really care. Harvard has a $53 million endowment. Why aren't leftists demanding better pay for Harvard employees?

Right because college geniuses don't know if they are a man or a woman.

 

[Cypress]

The Rapid Closure of Art Institutes Across America
Dream Center, a Christian nonprofit with no experience in higher education, has imploded, taking thousands of students — and millions in student loans — down with them.

When the Education Department started to deregulate the for-profit college industry in 2017, Dream Center Education Holdings — a Christian nonprofit with no experience in higher education — began acquiring schools. Two years later, the charity affiliated with a Pentecostal megachurch in Los Angeles has shuttered dozens of colleges and art institutes around the country with little warning.

The franchises owned by Dream Center include Argosy University, South University, and the Art Institutes. The affected schools have about 26,000 students. 40 campuses are under the control of a court-appointed receiver who accused school officials of keeping their doors open with money earmarked for federal student loans — about $13 million owed to students at 22 campuses. Fourteen other sites, mostly Art Institute locations, have a new owner who arranged the transfer through private equity executives.

https://hyperallergic.com/489810/the-rapid-closure-of-art-institutes-across-america/

Another success story for deregulation.

Any obscure for profit college that advertises on television is automatically suspect to me.

 

[Walt]

Harvard has a $53 million endowment.

Wow, that would be shocking... If it were true... Which it is not. I do not think you really understand how big their endowment is.

Harvard has a $53 BILLION endowment. A billion is a thousand millions.

But again, that has nothing to do with whether they are for-profit or not.

Why aren't leftists demanding better pay for Harvard employees?

University faculties are willing to make less money to have prestiges positions. Why would I demand they get more?

 

[Yakuda]

Wow, that would be shocking... If it were true... Which it is not. I do not think you really understand how big their endowment is.

Harvard has a $53 BILLION endowment. A billion is a thousand millions.

But again, that has nothing to do with whether they are for-profit or not.



University faculties are willing to make less money to have prestiges positions. Why would I demand they get more?

Yes it was a typo. It sure as shit has everything to do with profit when you have that much money. First they have kids take out loans so they can be made stupid but then want to forgive loans. Harvard could pay for making kids stupid out of their own pockets but they don't do they?

You're the one that mentioned they don't get paid much not me. I don't give a fuck what they get paid. And if "prestige" is more important than fuck 'em. Pay your electric bill with "prestige".